Ben Bernanke's Fed just bailed out Congress and the President by deciding to buy half of their $1.2T+ deficit for the year with printed money. And in exchange for this, he got ... nothing. He didn't even demand a budget. The US has no budget this year, by the way. None. They didn't even bother to begin to debate one, not even in the subcommittees. They're just spending without a plan.
Bernanke asked for nothing. He just printed the money Washington needed.
Saturday, November 06, 2010
Ben Bernanke, Invertebrate
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